HomeMy WebLinkAbout92-141
THE CORPORATION OF THE TOWN OF NEWCASTLE
BY-LAW NUMBER 92-141
BEING A BY-LAW TO ADOPT THE ESTIMATES OF ALL SUMS
REQUIRED DURING THE YEAR FOR THE SCHOOL BOARDS AND
REGIONAL GOVERNMENT PURPOSES AND TO STRIKE THE RATES
OF TAXATION FOR THE YEAR 1992.
WHEREAS, the Council of the Corporation of the Town of Newcastle, has, in accordance
School Boards and Regional Government and it is necessary that the following sums be
1992
$ 8,920,170
13,947,960
11,330,933
1,592,309
1.538.325
Regional Purposes
Elementary School - Public
Secondary School - Public
Elementary School - Separate
Secondary School - Separate
with the Municipal Act, considered the estimates of the
raised by means of taxation for the year 1992.
1991
$ 7,619,764
12,928,457
10,281,781
1,319,917
1.521.947
1990
$ 7,005,793
11,582,866
9,121,257
1,139,272
1.211.080
TOTAL
$ 37,329,698
$ 33,671,866
$ 30,060,268
------------
------------
------------
------------
------------
------------
AND WHEREAS, the Assessment Roll made in 1991 and upon which the 1992 taxes are to be levied is the latest returned assessment roll, which is
still subject to revision by the Court of Revision;
Public School
Separate School
1992
50,341,678
7,913,437
Residential
and Farm
1991
48,959,578
7,173,435
1990
46,062,274
6,510,220
1992
10,792,939
354,950
Commercial
and Business
1991 1990
9,295,497 8,999,302
279,351 214,773
1992
61,134,617
8.268.387
69,403,004
TOTAL
1991
58,255,075
7.452.786
65,707,861
1990
55,061,576
6.724.993
61,786,569
---------- ------------ -----------
---------- ------------ -----------
AND WHEREAS, Chapter M.5 Section 155 of the Municipal Act RSO 1990, states that the Council of every local Municipality in each year shall levy
in the manner set in the Ontario Unconditional Grants Act, on the whole of the assessment for real property and business assessment according to
the last revised assessment roll, a sum equal to the aggregate of the sums adopted under Section 162.
NOW THEREFORE, THE COUNCIL OF THE CORPORATION OF THE TOWN OF NEWCASTLE ENACTS AS FOLLOWS:
1. That the estimated expenditures required during the year 1992 totalling $37,329,698 (1991 - $33,671,866) be adopted and the following
amounts be levied therefore in the manner as set hereunder:
Regional Purposes
Elementary School - Public
Secondary School - Public
Elementary School - Separate
Secondary School - separate
1992
$ 8,920,170
13,947,960
11,330,933
1,592,309
1.538.325
$37,329,698
1991
$ 7,619,764
12,928,457
10,281,781
1,319,917
1,521.947
$ 33,671,866
1990
$ 7,005,793
11,582,866
9,121,257
1,139,272
1.211.080
$ 30,060,268
-----------
-----------
------------
------------
------------
------------
Page Two
2. There shall be levied and collected upon the assessable land, buildings, and businesses within the Corporation of the Town of Newcastle, the
following rates for this year 1992:
HILL RATES
PUBLIC SCHOOL SUPPORTERS
Overall III
RESIDENTIAL COMMERCIAL Increase
1992 1991 1990 1992 1991 1990
Regional Government 124.984 113.057 110.480 147.040 133.008 129.976 (10.5)
Elementary 221. 258 215.850 204.465 260.304 253.942 240.547 2.5)
Secondary 179.744 171. 662 161. 012 211. 464 201. 955 189.425 4.7)
SEPARATE SCHOOL SUPPORTERS
Regional Government
1992
124.984
1991
113.057
175.940
202.870
1990
110.480
168.459
179.077
1992
147.040
224.860
217.240
1991
133.008
206.990
238.670
1990
129.976
198.187
210.679
(10.5)
( 8.6)
(-9.0)
Elementary
191.130
Secondary
184.650
. . .3
Page Three
3. All taxes, including local improvements assessments, shall be deemed to have been imposed and become due and payable on the 1st day of
January 1992 but may be paid in four installments, of which, two installments will be to receive interim taxes levied under authority of
By-law 74-23, amended by By-law 80-145.
4. The remaining taxes including local improvement assessments, after deduction of taxes levied prior to the adoption of these estimates may
be paid in two installments on the 26th day of June and 25th day of September 1992.
5. There shall be imposed a penalty for non-payment of taxes on the first day of default of any installment thereof, the amount of 1 1/4% of
the amount due and unpaid on the first day of each calendar month thereafter in which default continues, but not after the end of the year
in which the taxes are levied, under authority of By-law 83-38.
6. In accordance with Chapter M.45, Section 399 (1) of the Municipal Act, R.S.C. 1990 "in default of payment of any instalment by the day
named for payment thereof, the subsequent instalment or instalments shall forthwith become payable".
7. The Tax Collector is hereby authorized to mail or cause to be mailed the notice of taxes due to the address of the residence or place of
business of the person to whom notice is required to be given.
8. All 1992 taxes shall be paid during the calendar year of 1992 at any Branch of the Bank of Nova Scotia. All prior years taxes shall be
paid into the office of the Treasurer.
9. The Tax Collector and Treasurer are hereby empowered to accept part payment from time to time on account of any taxes due.
10. This By-Law shall come into force and effect upon the date of the final reading thereof.
By-law read a first and second time this 25th day of May, 1992.
By-law read a third time and finally passed this 25th day of May, 1992.
/~~~~,.
Mayor
///